IOST

What is IOST?

IOST is an enterprise-level blockchain system in the making from the Internet of Services. The platform is focused blockchain technology that is ready for mass adoption through Blockchain as a Service. Efficient distributed sharding, a node-to-shard protocol and Proof of Believability consensus verification marks the technology apart from other blockchain platforms.

Market Problem: Current blockchain architecture has seemingly hit a plateau in which additional adoption only leads to high fees, slow transaction times, and poor throughput. Even though some second-layer scaling solutions are being implemented, they’re largely untested and may still not reach the level of scalability that an enterprise-level company like Google or Amazon would need.